The Audit & Governance Committee of Blackburn with Darwen Council convened on Tuesday 25 June 2024 to discuss several key reports and updates, including the Counter Fraud Annual Report, the Annual Risk Management Report, and the Going Concern Report. Decisions were made on the acceptance of these reports, with discussions focusing on the council's financial health and risk management strategies.

Counter Fraud Annual Report 2023.24

The committee reviewed the Counter Fraud Annual Report 2023.24, which detailed the council's efforts to combat fraud over the past year. The report highlighted several successful investigations and the recovery of significant funds. The committee praised the fraud team's work but also stressed the need for continued vigilance. One member noted, The proactive measures taken have been commendable, but we must remain alert to new and evolving threats.

Annual Risk Management Report 2023.2024

The Annual Risk Management Report 2023.2024 was presented, outlining the council's approach to identifying and mitigating risks. The report included an assessment of key risks and the effectiveness of current risk management strategies. The committee approved the report, with members discussing the importance of adapting risk management practices to address emerging challenges. One councillor remarked, Risk management is not a static process; it requires constant evaluation and adjustment.

Going Concern Report

The Going Concern Report was also a significant topic of discussion. This report assessed the council's financial stability and its ability to continue operating for the foreseeable future. The committee reviewed the financial statements and projections, ultimately concluding that the council remains a going concern. However, concerns were raised about potential future financial pressures. A member stated, While the current outlook is stable, we must be cautious and prepared for any economic downturns that could impact our financial health.

Treasury Outturn Report AG Cttee 23-24

The Treasury Outturn Report AG Cttee 23-24 was reviewed, summarising the council's treasury management activities over the past year. The report indicated that the council had managed its investments and borrowings effectively, achieving a favourable outturn. The committee approved the report, acknowledging the treasury team's efforts in maintaining financial stability.

BwD Audit Progress Report June 2024

The committee examined the BwD Audit Progress Report June 2024, which provided an update on the progress of ongoing audits. The report highlighted several completed audits and identified areas for improvement. The committee discussed the findings and emphasised the importance of addressing the identified issues promptly.

Head of Internal Audit Annual Audit Opinion Report 2023.2024

The Head of Internal Audit Annual Audit Opinion Report 2023.2024 was presented, offering an overall opinion on the council's internal control environment. The report concluded that the council's controls were generally effective, but some areas required enhancement. The committee accepted the report and discussed strategies for improving internal controls.

BwD Annual Governance Statement 2023 24

Finally, the BwD Annual Governance Statement 2023 24 was reviewed. This statement provided an overview of the council's governance framework and its effectiveness. The committee approved the statement, noting the importance of strong governance in ensuring accountability and transparency.